1st<br> what does this situation refers to?

A movie theater charges $5 per ticket and averages 300 customers each night. If prices are raised to $7 per ticket, the theater

Shtirlitz [24]

Attendance with the higher ticket price is ...

... $1750/$7 = 250

So the percentage change in attendance is ...

... change = (new - original)/original × 100%

... = (250 -300)/300 × 100% = -1/6×100% ≈ -17%

4 0

2 years ago

A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 20000 tickets are sold at 2

Shalnov [3]

Answer:

The expected winnings for a person buying 1 ticket is -0.2.

Step-by-step explanation:

Given : A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 20000 tickets are sold at 25 cents each, find the expected winnings for a person buying 1 ticket.

To find : What are the expected winnings?

Solution :

There are one first prize, 2 second prize and 20 third prizes.

Probability of getting first prize is $\frac{1}{20000}$

Probability of getting second prize is $\frac{2}{20000}$

Probability of getting third prize is $\frac{20}{20000}$

A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each.

So, The value of prizes is

$\frac{1}{20000}\times 1000+\frac{2}{20000}\times 300+\frac{20}{20000}\times 10$

If 20000 tickets are sold at 25 cents each i.e. $0.25.

Remaining tickets = 20000-1-2-20=19977

Probability of getting remaining tickets is $\frac{19977}{20000}$

The expected value is

$E=\frac{1}{20000}\times 1000+\frac{2}{20000}\times 300+\frac{20}{20000}\times 10-\frac{19977}{20000}\times 0.25$

$E=\frac{1000+600+200-4994.25}{20000}$

$E=\frac{-3194.25}{20000}$

$E=-0.159$

Therefore, The expected winnings for a person buying 1 ticket is -0.2.

3 0

2 years ago

Which lines in the graph have a slope greater than 1 but less than 2?

lapo4ka [179]

Answer:

Lines 3 and 4

Step-by-step explanation:

Let's examine the slope of each of the given lines to have the exact value and be able to answer the question. We use the definition of: $slope=\frac{rise}{run}$